Express

The Fed Keeps Interest Rates Unchanged, BTC Regains $67K

Mary Liu

Summary: The Federal Reserve kept interest rates at a range of 5.25%-5.5% as expected. In addition, the dot plot also maintained expectations for three interest rate cuts this year, which eased investors' concerns that the Federal Reserve would take a more hawkish stance. The three major U.S. stock indexes collectively closed higher. The Dow initially closed ...

The Federal Reserve kept interest rates at a range of 5.25%-5.5% as expected. In addition, the dot plot also maintained expectations for three interest rate cuts this year, which eased investors' concerns that the Federal Reserve would take a more hawkish stance.

The three major U.S. stock indexes collectively closed higher. The Dow initially closed up 1.03%, the S&P 500 rose 0.89%, and the Nasdaq rose 1.25%, all setting new closing highs.

Bitcoin reversed higher from $60,793.60 earlier in the day, hitting an intraday high of $67,781, a daily gain of 8%.

Last Update:

Tags: ,,
Link: The Fed Keeps Interest Rates Unchanged, BTC Regains $67K   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 2 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 9 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 12 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 15 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 19 days ago
  • You need to login to comment.